Ryan Hoover33 Ironically Stripe recently <a href="https://stripe.com/blog/ending-bitcoin-support">discontinued support</a> for Bitcoin payments. Today, Coinbase introduces it's Stripe-like competitor focused on digital currency transactions. This is a big move for Coinbase, extending its offering. Side note: Keep an eye on their <a href="https://www.producthunt.com/posts/toshi-2">Toshi</a> platform. It could be a sleeper.
Maksim Stepanenko2 @rrhoover thank you @rrhoover for posting this here 🙏
Davis Baer1 @rrhoover This is huge for the practical application of Bitcoin!
Chris Frantz1 @rrhoover Too bad Toshi isn’t available in the US App Store 😕
Mark M. Whelan0 @frantzlight I downloaded it, try again.
Scott Robertson0 @rrhoover More interestingly, Stripe's implementation actually just used Coinbase's API in the background.
Yoeri Boven1 What's the difference with their other tool? https://www.coinbase.com/merchants
Maksim Stepanenko9 @yoeriboven We built Commerce from scratch as a new product. The biggest difference is that it's multi-currency and user-controlled, so we never actually hold the funds. This also means that anyone can sign up and start accepting payments in 5 minutes without being limited to the countries that Coinbase currently serves.
Jaynti Kanani3 @yoeriboven @maksim_s That's cool. No need to have a registered business. Great.
Ram Rayavarapu1 The next step for banking revolution
Maksim Stepanenko2 @ram_rayavarapu thank you for the kind words! :)
Jaynti Kanani3 They had a page called "Coinbase merchants". They just changed the name, did PR again and added extra currencies.
Maksim Stepanenko2 @_jdkanani it's actually more than that :) Please see my response to @yoeriboven
alex botteri0 Will Coinbase Commerce support immediate conversion to Fiat currencies to mitigate price volatilities of cryptos?
Maksim Stepanenko4 @alex_botteri Right now, because it's a user-controlled product, we don't offer instant exchange to fiat. So it's up to the merchants to sell whenever they want. We wanted to make sure we can serve everyone in the world first by not limiting ourselves to countries that Coinbase has banking integrations with. That doesn't mean we are not thinking about offering the fiat conversion service to merchants in the future :)
alex botteri0 thanks @maksim_s for letting us know. Definitely +1 on this feature.
Maksim Stepanenko7 Hi everyone! I work on the Coinbase Commerce team. Happy to hear your feedback and answer any questions you have
Henry Doe0 @maksim_s Can you walk me through the purchase cycle? If I buy something using BTC, do I need to wait the 15/20min for the network to accept the transaction? Or do transaction under a certain amount just get processed if I have some form of 'reputation'
Maksim Stepanenko0 @hcdoe we kept things simple for now: https://commerce.coinbase.com/faq. You will have to wait a certain number of confirmations (depends on the network) for a payment to confirm. Longer term: we will be spending more time thinking about how to improve this experience.
Henry Doe1 @maksim_s Awesome. (I'm sure your aware of it) But I've been using Nano recently which is instant transfer which has been useful
John Palmer0 @maksim_s Is there some way we can get a confirmation when the payment is confirmed? Right now it just looks like I can embed a button or link on my site that let's people pay me. I want to be able to hook that into an API so that I can confirm that a customer has paid. Is that possible?
Waldemar Juschin1 @maksim_s pay with XRP?
Maksim Stepanenko1 @john_c_palmer you can set up webhook notifications in the settings
Shamir Allibhai0 @hcdoe what's nano?
Phil Schmosby1 @maksim_s Fix your support and broken plattform first, purchases gone wrong, how can I trust your product with my customers when I cant even trust your product myself because of your horrible support?
Mark M. Whelan1 @maksim_s how can users determine cost benefit analysis for this, when you haven't disclosed fees, transaction times etc?
Karim Hossenbux1 Is this something we can use with WooCommerce?
Maksim Stepanenko1 @painbouchon right now we are only integrated with Shopify, but more integrations are on the roadmap
Philip Ingram0 @painbouchon @maksim_s Don't ignore Woo for too long, Wordpress has a huge community and a significant reach powering much of the web today
Bruno Crosier0 @painbouchon woocoinbase.com :)
Bruno Crosier0 @pingram3541 woocoinbase.com :)
Jordan Halvorsen0 Happy they did this
Faisal Hassan0 About time. Thank you!
Sravan Kumar0 New Blockchain projects like Stack, Monitha with Fiat support will take over as soon as they are live. Don't see why a merchant want to maintain one service for only crypto another for Crypto+Fiat, unless theres a huge price difference.
Anthony Painter15 Is Coinbase putting on extra support staff to be able to respond to users in a timely manner? Reddit is full of accounts of extremely slow service times, frozen accounts, lack of communication experiences between company and user. How is the exchange, who is unbelievable busy already, add a new layer/service and scale its support commensurately? Thanks.
Shubhankar Kahali0 Any idea when we can see more billing plugins like a WHMCS module?
Maksim Stepanenko0 @xedro we are actively looking at integrating with more services like WHMCS. Soon!
ahomed notschkin0 Looks good. I'll try.
Lyondhur0 Should be fun to watch..
Jonno Riekwel1 Ah this is cool! I've implemented in a website and I was wondering, would it be possible to have an embedded link that doesn't automatically apply styling to the button? I don't want to have to undo the css you guys apply.
Valentin Pivovarov0 nice!
Behrouz3 As someone who had to deal with Coinbase support - which took about two months to get a single reply - I'm excited, but scared.
Joseph Ayoub2 We've been waiting this for a while now. Too bad simple things like refund arent considered yet very easy. Also, quick "bug", but you mention the amount to pay in ETH/LTC... but in € it doesn't include the fees. Which makes pretty much all orders under paid. that must be fixed quickly. Besides this, waiting for withdrawal to be active to propose it on our shop, and transposing payment in fiat, otherwise not interesting for actual businesses.
Philip Ingram1 Lol, I hope thats a whole ton of bananas for $10!
Andy Reed1 We just deployed this on our website https://www.wolverinecryptotrading.com. Working out the kinks but overall easy to use! Love it!